Walmart Inc. (NYSE:WMT) is Bard Financial Services Inc.’s 3rd Largest Position

Bard Financial Services Inc. lifted its stake in Walmart Inc. (NYSE:WMT) by 0.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 312,170 shares of the retailer’s stock after acquiring an additional 1,100 shares during the period. Walmart accounts for approximately 3.4% of Bard Financial Services Inc.’s portfolio, making the stock its 3rd biggest position. Bard Financial Services Inc.’s holdings in Walmart were worth $28,205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Umpqua Bank grew its position in Walmart by 29.3% during the second quarter. Umpqua Bank now owns 6,792 shares of the retailer’s stock worth $460,000 after buying an additional 1,541 shares during the period. Strategic Financial Concepts LLC increased its holdings in Walmart by 5,376.9% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,305,751 shares of the retailer’s stock valued at $88,412,000 after purchasing an additional 1,281,910 shares in the last quarter. Chris Bulman Inc acquired a new position in Walmart during the 2nd quarter worth approximately $273,000. Asset Dedication LLC lifted its position in shares of Walmart by 19.3% during the second quarter. Asset Dedication LLC now owns 119,414 shares of the retailer’s stock worth $8,086,000 after purchasing an additional 19,324 shares in the last quarter. Finally, MainStreet Investment Advisors LLC boosted its position in Walmart by 274.6% in the 2nd quarter. MainStreet Investment Advisors LLC now owns 64,143 shares of the retailer’s stock valued at $4,343,000 after buying an additional 47,021 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

WMT traded up $1.17 on Monday, hitting $91.95. 8,071,708 shares of the stock traded hands, compared to its average volume of 11,028,102. The business has a fifty day moving average price of $89.41 and a two-hundred day moving average price of $79.80. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $738.67 billion, a PE ratio of 37.74, a P/E/G ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 52 week low of $52.23 and a 52 week high of $96.18.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the business earned $0.51 earnings per share. On average, research analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on WMT shares. Tigress Financial lifted their price target on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Barclays increased their price objective on shares of Walmart from $78.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. BMO Capital Markets boosted their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Robert W. Baird upped their target price on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.69.

Insiders Place Their Bets

In other news, SVP David Chojnowski sold 5,600 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the sale, the senior vice president now owns 87,404 shares in the company, valued at $7,993,095.80. The trade was a 6.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the transaction, the executive vice president now directly owns 566,794 shares in the company, valued at approximately $52,485,124.40. This trade represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,412 shares of company stock valued at $12,478,116. 45.58% of the stock is currently owned by corporate insiders.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.